If you like your securities you can keep your securities
Not for my Schwab account, which opened right up.
Have to give time for the big boys to liquidate their positions before the little fish exit.
It’s likely a capacity issue. I used to do traffic analysis for some large networks. It’s very expensive to build out to support the 1/10% days like this.
But when they come…you better have the statistics in a folder somewhere, because the boys upstairs are going to be asking.
A cyber attack during a financial crisis?
Cui bono?
No problems accessing my Fidelity account this morning. Had some difficulties logging into Charles Schwab but did get in and bought 4 shares of an ETF I hold and a slice on a single stock. Trades went smoothly. I think it there was a logjam of people just trying to check the carnage.
Got to let the big accounts sell first.
At 6:30 am this morning, I placed an order with Vanguard to sell all shares in VTI and VT. At 9:35 am, I tried to log on to Vanguard, but the site had crashed. Right now, VTI and VI are trading slightly higher than my sell price this morning.
Online trading platforms down for thousands of users, Downdetector shows
https://finance.yahoo.com/news/online-trading-platforms-down-thousands-135815367.html
(Reuters) -Online brokerages including Charles Schwab and Fidelity Investments were down for thousands of users on Monday, according to outage tracking website Downdetector.com.
The reports come against the backdrop of a global rout, with Wall Street’s indexes tumbling at the open after weak economic data and drab second-quarter earnings sparked recession fears and prompted a rush out of everything from equities to crypto.
Schwab was down for more than 15,300 users while outage reports on Fidelty reached over 3,000, Downdetector showed.
The website tracks outages by collating status reports from several sources including users.
Vanguard and TD Ameritrade also saw thousands of outage reports, the website showed.
(Reporting by Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)
Kamala’s Economy.
Kamala’s Economy.
TIAA, Vanguard, BMO, etc - all good access.
I called my guy at Morgan Stanley at 8 AM today. Got through right away, told him to sell everything. :)
Due to cost-cutting, these companies are financially sound but lack robustness in their operations and depth of experience in their management and employees. Like race horses, these companies are built for speed and efficiency but are not able to enough to withstand severe stress in their operations.
I’m glad I never saved any money.
It was true for me. I was unable to login my Schwab brokerage trading software (thinkorswim) and my Vanguard brokerage account Monday morning between 8:00 AM CDT and U.S. market open at 8:30 AM CDT. It caused some very anxious moments, but it was resolved quickly and I got in soon after market open.